Traders following the bottom of the Bitcoin bear market in 2018 believe that the most recent correction has positioned BTC to hit new all-time highs.
Top analyst Bluntz told his 255,000 followers on social media platform
Traders use the Elliott Wave theory, which states that bullish assets often witness new gains after a three-part ABC correction.
Blunts says:
“We got cleaned up. I think that’s the lowest. BTC.”
Looking at the trader’s chart, he appears to be hinting that BTC will rise to a new high of $82,228.
As of this writing, BTC is worth $63,535.
Traders are also closely watching the movements of Memecoin dogwifhat (WIF). The analyst notes that WIF may have hit a local low around $1.80, but more price action is needed to confirm his analysis.
“It hit $1.80 and immediately entered 0.618 (Fibonacci level). WIF. The promising response so far is that we hope this is low, but we will wait for an impulsive 5-wave rise on the lower timeframe, perhaps 30 minutes to an hour, for confirmation.”
As of this writing, WIF is worth $2.38.
Don’t miss a beat – subscribe to get email alerts delivered straight to your inbox
Check Price Action
follow us TwitterFacebook, Telegram
Daily Hodl Mix Surfing
 
Disclaimer: Opinions expressed on The Daily Hodl do not constitute investment advice. Investors should do their due diligence before making high-risk investments in Bitcoin, cryptocurrencies, or digital assets. Please note that your transfers and transactions are entirely at your own risk and you will be responsible for any losses you may incur. The Daily Hodl does not recommend the purchase or sale of any cryptocurrency or digital asset, and The Daily Hodl is not investment advice. The Daily Hodl engages in affiliate marketing.
Image created by: Midjourney